Nasdaq 100 (CME) (U4) Intraday: the bias remains bullish.
Pivot:
18930.00
Our preference:
Long positions above 18930.00 with targets at 19290.00 & 19490.00 in extension.
Alternative scenario:
Below 18930.00 look for further downside with 18790.00 & 18640.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.